Grayson County, Texas property tax
The median homeowner in Grayson County, Texas pays $2,953 a year in property tax on a home worth $228,300, an effective rate of 1.29%. The national effective rate is 0.98%.
What the rate means here
At 1.29%, Grayson County taxes property more heavily than the country as a whole, which sits at 0.98%. Houses here are worth $228,300, below the national $303,400. Part of any high rate is arithmetic rather than policy: a smaller tax base has to be taxed harder to raise the same money.
It ranks #95 of 202 Texas counties by effective rate, against a statewide 1.58%, and #593 nationally. The state runs from 2.09% in El Paso County down to 0.60% in Ward County.
The median home costs 3.24 times the median household income of $70,455, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. The county has 139,988 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Grayson County | Texas | United States | |
|---|---|---|---|
| Effective property tax | 1.29% | 1.58% | 0.98% |
| Median tax bill | $2,953 | $4,111 | $2,969 |
| Median home value | $228,300 | $260,400 | $303,400 |
| Median gross rent | $1,178 | $1,339 | $1,348 |
| Median household income | $70,455 | $76,292 | $78,538 |
| Home price to income | 3.24× | 3.41× | 3.86× |
| Rent as share of income | 20.06% | 21.06% | 20.6% |
| Owner-occupied | 67.33% | 62.56% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 139,988.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Randall County | 1.58% | $3,587 | $227,500 |
| Taylor County | 1.40% | $2,670 | $190,300 |
| Wichita County | 1.77% | $2,501 | $141,600 |
| Gregg County | 1.22% | $2,271 | $185,800 |
| Parker County | 1.45% | $4,978 | $343,600 |
Grayson County property tax: common questions
What is the property tax rate in Grayson County, Texas?
The effective rate is 1.29% of home value, from a median tax bill of $2,953 against a median home value of $228,300. That is 0.31 points above the national 0.98%.
How much is property tax on a $400,000 home in Grayson County?
Roughly $5,160 a year at the county effective rate of 1.29%.
Is Grayson County expensive compared with the rest of Texas?
It ranks #95 of 202 Texas counties by effective property tax rate, and #593 of 2,826 nationally. That is 0.29 points below the Texas average of 1.58%.
What does housing cost in Grayson County?
The median home is worth $228,300 and median gross rent is $1,178 a month. Median household income is $70,455, which puts the home at 3.24 times annual income and rent at 20.06% of it.